The Ultimate Guide to Credit Cards
Tuesday, November 12, 2019

15 Best Credit Cards with Travel Insurance Coverage

15 Best Credit Cards with Travel Insurance Coverage

credit card advice

Eric Bank
By: Eric Bank
Posted: October 18, 2019

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The best credit cards with travel insurance cover the costs of canceled or delayed trips, lost luggage, missed connections, and other atrocities. You can purchase travel insurance separately, of course, but why shell out up to 10% of the total trip cost on insurance when you can get a credit card that will cover you for free?

Unfortunately, not every card issuer offers travel insurance, and coverage amounts and restrictions vary by issuer and card.

We’ve created a list of issuers that offer travel insurance and reviewed each of the top three cards for consumers or businesses. Read on to see which travel insurance credit card is perfect for you.

Chase | Capital One | Amex | Wells Fargo | U.S. Bank | FAQs

Best Chase Cards with Travel Insurance

We give Chase the highest marks among issuers who offer credit cards with free travel insurance. Chase’s best cards provide insurance for travel accidents and lost, stolen, or damaged baggage.

All three cards reviewed below also offer trip cancellation and interruption insurance. This kind of insurance reimburses you if your trip is canceled or shortened due to bad weather, illness, or other situations. Reimbursement coverage pertains to prepaid, non-refundable passenger fares, hotels, and tours, up to a set amount per trip. Other benefits offered include auto rental collision damage waiver and roadside assistance.

  • Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 toward travel when you redeem through Chase Ultimate Rewards®
  • Named "Best Premium Travel Credit Card" for 2018 by MONEY® Magazine
  • $300 Annual Travel Credit as reimbursement for travel purchases charged to your card each account anniversary year
  • 3X points on travel immediately after earning your $300 travel credit. 3X points on dining at restaurants & 1 point per $1 spent on all other purchases. $0 foreign transaction fees.
  • Get 50% more value when you redeem your points for travel through Chase Ultimate Rewards. For example, 50,000 points are worth $750 toward travel
  • 1:1 point transfer to leading airline and hotel loyalty programs
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
N/A
N/A
18.74% - 25.74% Variable
$450
Good/Excellent

EXPERT'S RATING

★★★★★
4.8

OVERALL RATING

4.8/5.0
  • Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 toward travel when you redeem through Chase Ultimate Rewards®
  • 2X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases.
  • Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. For example, 60,000 points are worth $750 toward travel
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
N/A
N/A
17.74% - 24.74% Variable
$95
Good/Excellent

EXPERT'S RATING

★★★★★
4.8

OVERALL RATING

4.8/5.0
  • Earn 80,000 bonus points after you spend $5,000 on purchases in the first 3 months from account opening. That's $1,000 toward travel when you redeem through Chase Ultimate Rewards®
  • Earn 3 points per $1 on the first $150,000 spent on travel and select business categories each account anniversary year
  • Earn 1 point per $1 on all other purchases - with no limit to the amount you can earn
  • Points are worth 25% more when you redeem for travel through Chase Ultimate Rewards
  • Redeem points for travel, cash back, gift cards and more - your points don't expire as long as your account is open
  • No foreign transaction fees
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
N/A
N/A
17.74% - 22.74% Variable
$95
Good/Excellent

In addition, the three Chase cards we review here all offer extra points on travel purchases, and those points are worth more when you redeem them through Chase Ultimate Rewards.

Best Capital One Cards with Travel Insurance

The three Capital One cards we review here provide several travel-related benefits, beginning with travel accident insurance. This is automatic coverage at no extra cost when you pay the entire fare with select Capital One cards.

Moreover, you get 24-hour travel assistance services that provide you with a cash advance and replacement credit card if your card is lost or stolen.

EXPERT'S RATING

★★★★★

4.9

OVERALL RATING

4.9/5.0
  • Enjoy a one-time bonus of 50,000 miles once you spend $3,000 on purchases within 3 months from account opening, equal to $500 in travel
  • Earn 2X miles on every purchase, every day. Plus earn 10X miles on thousands of hotels, through January 2020; learn more at hotels.com/venture
  • Named ‘The Best Travel Card' by CNBC, 2018
  • Receive up to $100 application fee credit for Global Entry or TSA Pre✔®
  • Fly any airline, stay at any hotel, anytime; no blackout dates. Plus transfer your miles to over 12 leading travel loyalty programs
  • Miles won't expire for the life of the account and there's no limit to how many you can earn
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
N/A
N/A
17.49% - 24.74% (Variable)
$0 intro for first year; $95 after that
Excellent, Good

EXPERT'S RATING

★★★★★

4.8

OVERALL RATING

4.8/5.0
  • $0 annual fee and no foreign transaction fees
  • Earn a bonus of 20,000 miles once you spend $1,000 on purchases within 3 months from account opening, equal to $200 in travel
  • Earn 1.25X miles on every purchase, every day
  • Earn 10X miles on thousands of hotels, through January 2020; learn more at hotels.com/venture
  • Transfer your miles to over 12 leading travel loyalty programs
  • Enjoy 0% intro APR on purchases for 12 months; 13.74% - 23.74% variable APR after that
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
0% for 12 months
N/A
13.74% - 23.74% (Variable)
$0
Excellent, Good

EXPERT'S RATING

★★★★★

4.8

OVERALL RATING

4.8/5.0
  • Earn unlimited 1.5% cash back for your business on every purchase, everywhere, no limits or category restrictions
  • Earn a one-time $200 cash bonus once you spend $3,000 on purchases within the first 3 months from account opening
  • Save on interest with 0% intro APR on purchases for 9 months; 14.74% - 22.74% variable APR after that
  • No annual fee
  • Free employee cards, which also earn unlimited 1.5% cash back on all purchases
  • Rewards won't expire for the life of the account, and you can redeem your cash back for any amount
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
0% for 9 months
N/A
14.74% - 22.74% (Variable)
$0
Excellent, Good

You’ll also get an auto rental collision damage waiver when you rent a car with your Capital One card that covers you for costs arising from theft or collision. While driving, you have free access to roadside assistance for services such as tire changes, jump-starts, and tows.

Best American Express Cards with Travel Insurance

American Express cards are well known for their generous benefits. The cards reviewed here offer very competitive travel insurance benefits.

7. Amex EveryDay® Preferred Credit Card

The Amex EveryDay® Preferred Credit Card provides up to $250,000 of travel accident coverage per person when you pay for your travel entirely with the card or points from the card. The coverage includes loss of life, limb, and sight occurring while traveling on a common carrier.

Amex EveryDay® Preferred Credit Card

In addition, the card provides car rental loss and damage insurance when you reserve and pay for the rental with the card. Remember, you must decline the collision damage waiver at the rental desk. The card doesn’t provide liability coverage.

You also get access to the Amex Global Assist® Hotline for services, such as lost passport replacement, missing luggage assistance, emergency medical and legal referrals, and more.

8. American Express® Gold Card

The American Express® Gold Card offers a suite of travel insurance coverage. In addition to travel accident insurance, you also get baggage insurance and premium roadside assistance.

American Express® Gold Card

The baggage insurance covers loss of baggage en route to the airport, carried on, or checked in. The per-person per-trip coverage amounts vary from $500 to $1,250, depending on where the loss occurs. The American Express® Gold Card provides up to $3.5 million per person in travel accident insurance covering loss of life, limb, and sight.

You also get car rental loss and damage insurance that delivers up to $50,000 coverage per rental agreement when you pay with the card.

9. Blue Business® Plus Credit Card from American Express

The Blue Business® Plus Credit Card from American Express provides up to $100,000 per-person coverage for loss of life or dismemberment on covered trips. You must charge the entire fare to the card to receive this coverage.

Blue Business Plus Credit Card from American Express

This travel accident coverage does not cover losses from sickness. You also get car rental loss and damage insurance, as well as access to a roadside assistance hotline. The Blue Business® Plus Credit Card also provides baggage insurance for lost, stolen, or damaged baggage.

Per-person coverage limits are $1,250 for luggage in transit to the terminal and for carry-ons. Checked baggage is insured up to $500 per person. In addition, you can receive up to $250 for the loss of high-risk items, such as jewelry, cameras, and electronics.

Best Wells Fargo Cards with Travel Insurance

These Wells Fargo cards offer good travel accident benefits. They also provide for lost luggage insurance, emergency assistance, and several other travel benefits.

10. Wells Fargo Visa Signature® Card

The Wells Fargo Visa Signature® Card provides trip cancellation and interruption reimbursement for non-refundable tickets of up to $2,000 per person. Injury, illness, or airline insolvency must cause the cancellation or interruption.

Wells Fargo Visa® Signature

You also receive travel accident benefits of up to $1 million in coverage for loss of life, limb, speech, hearing, or sight. If you encounter an emergency while traveling, you can receive travel and emergency assistance services.

In addition, you get an auto rental collision damage waiver and lost luggage reimbursement of up to $3,000 per covered trip. You also get roadside assistance on a pay-per-use basis.

11. Wells Fargo Business Elite Signature Card

The Well Fargo Business Elite Signature Card offers businesses several types of travel protection. You receive travel accident coverage of up to $250,000 per card.

Wells Fargo Business Elite Signature Card

If weather cancels or interrupts your trip, you’ll receive reimbursement of up to $2,500. The reimbursement for a delayed trip is as much as $300. The card also provides lost luggage coverage of up to $3,000 per trip. Additionally, you have access to a variety of travel and emergency assistance services when traveling.

Furthermore, you’ll automatically receive coverage for theft and collision when you rent a car and pay for it with the card.

12. Wells Fargo Propel American Express®

The Wells Fargo Propel American Express® card provides $150,000 of travel accident coverage for death, dismemberment, or permanent loss of sight, speech, or hearing. This extends to the cardholder, spouse, and unmarried dependent children.

Wells Fargo Propel American Express® Card

The card offers 24-hour emergency assistance, including medical, legal, personal, and travel assistance. You also get roadside assistance if you need fuel delivery, a jump-start, lockout service, or tire replacement (fees apply).

The card provides worldwide travel inconvenience insurance for lost or stolen baggage, both carry-on and checked. The coverage limit is $1,000 per insured party per covered trip. You also receive rental car loss or damage coverage of up to $50,000 per rental.

Best U.S. Bank Cards with Travel Insurance

These U.S. Bank cards seem to offer a variety of travel coverages. However, many details are not available on its websites — you must phone a representative to get the low-down on coverages and limits.

13. U.S. Bank FlexPerks® Travel Rewards Visa Signature® Card

The U.S. Bank FlexPerks® Travel Rewards Visa Signature® Card provides several travel benefits, but you must contact the issuer to get details about coverage limits and conditions.

U.S. Bank FlexPerks® Travel Rewards Visa Signature® Card

You get accidental death and dismemberment insurance for you and your family when you charge the trip to your card. If you rent a car using the card, you will receive free auto rental collision damage waiver coverage, but you must decline the insurance offered by the rental agency.

Another travel perk is lost luggage reimbursement that covers carry-on or checked luggage and its contents. You can receive round-the-clock travel and emergency assistance services, as well as emergency roadside dispatch for assistance with services like fuel delivery and towing.

14. U.S. Bank FlexPerks® Gold American Express® Card

The U.S. Bank FlexPerks® Gold American Express® Card covers you and your family against accidental death and dismemberment. When renting a car, you automatically receive car rental loss and damage insurance that covers up to $50,000 per rental when you pay with the card.

U.S. Bank FlexPerks® Gold American Express® Card

Luggage insurance pays for the purchase of essential items arising from lost luggage, as well as the actual value of lost or damaged carry-on and checked luggage. You’re also entitled to roadside dispatch service for towing and other assistance, as well as reimbursement for a vehicle replacement while your car is under repair.

Furthermore, you can receive emergency assistance from legal and medical providers when traveling internationally, in addition to pre-trip information regarding visas, passports, advisories, and more.

15. U.S. Bank Altitude™ Reserve Visa Infinite® Card

The U.S. Bank Altitude™ Reserve Visa Infinite® Card offers reimbursement for international emergency evacuation and transportation costs due to illness or injury when you pay for travel tickets with the card. This is in addition to travel accident insurance covering death and dismemberment. Trip cancellation and interruption insurance covers you for nonrefundable fare costs. If your trip suffers a delay of six hours or longer, you can receive reimbursement up to $500 per ticket.

U.S. Bank Altitude™ Reserve Visa Infinite® Card

You’re also covered if your checked or carry-on luggage is lost or stolen. Coverage extends to your luggage contents, as well. If you experience trouble on the road, you can receive 24/7 roadside dispatch assistance for services such as fuel delivery and towing — you are responsible for any service fees.

Car rentals reserved and paid for by the card receive collision damage waiver coverage when you decline extra insurance from the rental agency.

Which Credit Cards Give You Free Travel Insurance?

All the credit cards in this review provide free travel insurance. Typically, the insurance offers reimbursement for several contingencies, including accidents, travel cancellations, interruptions, and delays, emergency evacuations, lost or stolen baggage, and other mishaps. Cards differ in what they cover, and the coverage limits vary.

Our top choice for travel accident insurance is the Chase Sapphire Reserve® card, which provides $1 million in coverage for free. Its close cousin, the Chase Sapphire Preferred® card, provides $500,000 in travel accident insurance. Both provide $3,000 for lost luggage, $500 per trip for delayed luggage, $10,000 per trip for trip cancellation, and $500 per ticket for trip delay.

If you are looking for a business card offering the best free travel insurance, consider the Chase Ink Business Preferred™ card. It provides up to $500,000 of coverage for travel accidents, plus luggage insurance reimbursement of up to $3,000 for lost luggage, $500 for delayed luggage. You also get up to $5,000 per trip for trip cancellation and $500 per ticket for trip delay.

Trio of Chase Cards with the Best Free Travel Insurance

If you are looking for the highest accident coverage limit, check out the American Express® Gold Card, which provides up to $3.5 million in travel accident insurance. The card also delivers baggage insurance, car rental insurance of up to $50,000 per rental agreement, and roadside assistance.

Capital One cards are also good choices for those seeking free travel insurance. For example, Capital One® Venture® Rewards Credit Card travel accident insurance pays up to $250,000 for death or dismemberment. The card also provides lost luggage reimbursement of up to $3,000 per trip, as well as free auto rental collision damage waiver.

Which Credit Card Has the Best Trip Cancellation Insurance?

Trip cancellation insurance differs from trip accident insurance, in that it only covers the costs that arise when you, or the airline, must cancel a trip. This is, without a doubt, one of the most valuable card benefits, because many prepaid tickets do not offer reimbursement for cancellation.

And we’re talking more than just plane tickets. Other non-reimbursable expenses may include hotel rooms, tour packages, cruise fares, golf greens fees, charter boats, and more.

If you are concerned about your potential exposure to cancellation losses, you should find out which conditions receive coverage, such as:

  • Death, injury, or sickness of yourself, a family member, or a travel companion
  • Unexpected work conflicts or loss of job
  • Severe weather
  • Your travel supplier goes bankrupt
  • Terrorist incidents
  • Jury duty

We give the nod to the Chase Sapphire Reserve® card as our choice for the best cancellation insurance. It covers severe weather, sickness, and other situations. The card reimburses up to $10,000 per person and $20,000 per trip for a wide variety of nonrefundable, prepaid travel expenses.

Note that the Chase Sapphire Preferred® card offers the same cancellation limits and has a lower annual fee. However, you are unlikely to find another card with more generous coverage limits than the Chase Sapphire Reserve® card, and even if you did, the combination of travel benefits this card offers makes it unbeatable, according to our experts.

Honorable mention goes to the Well Fargo Business Elite Signature Card, which provides $2,500 in trip cancellation coverage, albeit under more limited circumstances.

Is Travel Protection the Same as Travel Insurance?

Travel protection benefits are a superset of those provided by travel insurance because they include travel assistance services, which are especially important for international travel. Travel assistance includes:

  • Delayed or lost luggage tracking
  • Emergency medical evacuation and repatriation when traveling out of the country
  • Referrals for dental, medical, legal, and pharmaceutical services, including the replacement of forgotten or lost prescriptions
  • Emergency travel arrangements
  • Emergency replacement of credit cards and access to cash advances
  • Translation services

In contrast, we can define travel insurance benefits to include:

  • Reimbursement of costs due to lost, stolen, damaged, or delayed baggage and contents
  • The incidental costs you incur when you experience travel delays or missed connections
  • Reimbursement for canceled or interrupted travel
  • Loss of life, dismemberment, or loss of sight due to carrier accidents
  • Reimbursements for the cost of replacing a lost or stolen travel document
  • Coverage of dental and medical emergency costs
  • Reimbursement for the cost of rental car damage or theft

Of course, the distinctions between travel protection and travel insurance are somewhat arbitrary, and different sources will offer varying definitions. What’s more important is for you to understand exactly what a credit card offers by way of travel benefits.

You can include in those benefits any special rewards your credit card provides for travel purchases. For example, our top-rated card, Chase Sapphire Reserve®, offers a $300 annual statement credit that reimburses you for travel expenses you charge each anniversary year. It also offers 3X points for worldwide travel and dining expenses.

Insure Your Trip for No Additional Cost

Travel can be both a joy and a challenge. Many things can go wrong when you travel, which is why it can be very reassuring to carry one of the best credit cards with travel insurance in your wallet.

The cards reviewed in this article provide varying degrees of coverage. Whether you are planning a rare trip or are a frequent traveler, you may want to evaluate whether your current credit card is providing you all the travel benefits you need to reduce expenses when travel problems arise.